Selbyville, Delaware,, April 24, 2023 (GLOBE NEWSWIRE) --
The non-woven abrasives market valuation is estimated to cross USD 3 billion by 2032, as reported in a research study by Global Market Insights Inc.
The ongoing upsurge in automobile demand around the world is poised to have a positive impact on the non-woven abrasives industry outlook. Countries such as China, Japan, and India, are witnessing growing demand for passenger cars and automotive parts, which has fueled the need for non-woven abrasives. In general production, these non-woven abrasives are frequently used for metal blending, cutting, deburring, heavy grinding, medium to light grinding, and other purposes.
The non-woven abrasives market revenue from the construction end-use segment is primed to be worth more than USD 1 billion by 2032. Several developing nations, such as Singapore in the Asian subcontinent, are increasing their investments in new housing and infrastructure projects, fueling architectural constructions. For instance, ADDP, an architecture studio, plans to construct the world’s tallest prefabricated skyscrapers in Singapore. Recently, in January 2023, South Korea’s Samsung C&T Group and Saudi Arabia’s Public Investment Fund (PIF) signed an MoU to build modular homes in Saudi Arabia.
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The non-woven abrasive wheels market is speculated to progress at a 5.5% CAGR through 2032. Their wide applicability in debarring, base polishing, chamfering, metal finishing, auto polishing for the glass & sunglasses flame, satin finishing, and polishing of steel coils are complementing segment growth. Non-woven abrasive wheels are easier to use than grinding stone wheels and result in smoother polished surfaces. Moreover, several online learning programs by abrasive method proceeding experts are improving product awareness, benefitting the overall segment standing.
The North America non-woven abrasives market size is projected to reach USD 930 million by 2032, attributed to the booming hybrid and electric motor vehicles industry, which is expected to grow by 22% in revenue in 2024 compared to 2023, constituting 23% growth in unmanned aerial vehicles, 20.6% in sightseeing transportation, and 24.4% in tour operators. In addition, the rapidly expanding construction sector has bolstered the use of non-woven abrasives, promoting product adoption in the regional transportation and construction sectors.
The key players operating the non-woven abrasives market are Saint-Gobain, DEWALT, 3M, Carborundum Universal Limited (CUMI), Sia Abrasives, Osborn, Discon Products Limited, AE Abrasives Edge Pvt. Ltd., and WEILER Abrasives d.o.o., among others. The primary strategic tactics followed by these firms are product range diversification and mergers & partnerships. With this deal, the companies aimed to enhance surface technology operations and expand their abrasives portfolio.
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Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Non-woven abrasives industry 3600 synopsis, 2018 – 2032
Chapter 3 Non-woven abrasives Industry Insights
3.1 Introduction
3.2 Impact analysis of the COVID-19 pandemic
3.3 Industry ecosystem analysis
3.4 Raw material analysis - COVID-19 impact on supply
3.5 Regulatory landscape
3.6 Technology & innovation landscape
3.7 Pricing analysis
3.8 Cost structure analysis
3.9 Industry impact forces
3.10 Growth potential analysis, 2022
3.11 Porter’s analysis
3.12 PESTEL analysis
3.13 COVID-19 impact on the non-woven abrasives market, by end-user
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
